DJ NORNICKEL RECEIVED PERMISSION TO RETAIN ITS DEPOSITORY RECEIPTS PROGRAMME
MMC Norilsk Nickel (MNOD) NORNICKEL RECEIVED PERMISSION TO RETAIN ITS DEPOSITORY RECEIPTS PROGRAMME 12-May-2022 / 14:46 MSK Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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PRESS RELEASE
Public Joint Stock Company «Mining and Metallurgical Company «NORILSK NICKEL» (PJSC "MMC "Norilsk Nickel", "Nornickel" or the "Company")
NORNICKEL RECEIVED PERMISSION TO RETAIN ITS DEPOSITORY RECEIPTS PROGRAMME
Moscow, May 12, 2022 - Nornickel, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper, notifies its American depositary receipt (ADR) holders that the Government Commission on Control of Foreign Investments in the Russian Federation (the Commission) has approved the Company's request to maintain the circulation of its ADRs outside of the Russian Federation for a duration of one year (since the approval was granted) until April 28, 2023.
Nornickel has submitted a request to the Commission pursuant to the Federal Law No. 114-FZ "On Amendments to the Federal Law on Joint-Stock Companies and Certain Legislative Acts of the Russian Federation", which came into effect on April 27th and requires the Russian issuers to terminate their depositary receipts programs, with the exceptions provided upon consideration of the issuers' requests.
Nornickel welcomes the decision of the Commission as it provides time to assess available opportunities and investigation of necessary steps to support the Company's long-term investment attractiveness. This announcement contains inside information in accordance with Article 7 of EU Regulation 596/2014 of 16 April 2014.
Full name and position of person making the announcement - Vladimir Zhukov, Vice - president, Investor Relations ABOUT THE COMPANY
MMC Norilsk Nickel is a diversified mining and metallurgical company, the world's largest producer of palladium and high-grade nickel and a major producer of platinum and copper. The company also produces cobalt, rhodium, silver, gold, iridium, ruthenium, selenium, tellurium and other products.
The production units of Norilsk Nickel Group are located at the Norilsk Industrial District, on the Kola Peninsula and Zabaykalsky Krai in Russia as well as in Finland.
MMC Norilsk Nickel shares are listed on the Moscow and on the Saint-Petersburg Stock Exchanges, ADRs are accepted for trading on the Saint-Petersburg Stock Exchange.
Media Relations: Investor Relations:
Phone: +7 (495) 785 58 00 Phone: +7 (495) 786 83 20
Email: pr@nornik.ru Email: ir@nornik.ru
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ISIN: US55315J1025 Category Code: MSCU TIDM: MNOD LEI Code: 253400JPTEEW143W3E47 Sequence No.: 161381 EQS News ID: 1351185 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
May 12, 2022 07:46 ET (11:46 GMT)
